About

AQALAT is a limited liability company, based in the capital Riyadh and founded
in 2013 by Saudi Telecom Company (STC) to develop and manage the company’s properties
in all parts of the Kingdom. And in line with the Saudi Vision 2030 and global trends,
we at AQALAT seek to benefit from the capabilities of the Saudi Telecommunications
Group and its applications by adopting the concept of smart development that is
based on integrating technology in all our projects and investments.
We also aim to consolidate our reputation in the market by providing the finest and most
modern projects to make them more attractive and more comfortable to its consumers to
meet the needs and aspirations of the future generation.
At AQALAT we believe in the potentials of the real estate market in the Kingdom
and we are proud to have a board with extensive expertise in the Saudi real estate market
and a distinguished team of specialists in the field of real estate development and smart
complexes. And in the next phase, we will be focusing on investing and managing our
strong assets portfolio through the development of modern projects that are based on extensive
market studies, while also seeking partnerships to exploit emerging opportunities
and meet future challenges to achieve our strategic goals.

Vision

To be the pioneers in the development of urban projects to achieve the
aspirations of the future generations

Mission

To develop quality projects that combine innovative urban and architectural designs with
technology to create unique, versatile and sustainable projects for a better lifestyle.

Strategic Objectives

Growth

Maximizing profits through the optimum utilization
of STC’s real estate

Leadership

Achieving leadership in the use of technology and
smart solutions in urban development

Excellence

Excelling in business by applying the best practices
in the administrative and technical fields

Values

One responsible team

Promoting the culture of corporate responsibility through transparency,
taking responsibility, commitment, effective communication, exchanging
knowledge, ongoing development and leading by example.

Our clients are our main focus

Ensuring that our projects meet the expectations of their consumers by applying the best
quality standards on them, in order to make them the ideal place to live, work and have fun.

Maximizing the value of projects

Supporting the growth strategy through optimal investments of real estate resources
to raise the value of projects in order to achieve the aspirations of all concerned
parties from users, employees, owners and investors.

A place for urban creativity

Focusing on creating sustainable urban solutions for a better lifestyle.

Projects

AQALAT has conducted a comprehensive study of the Saudi Telecom Company’s properties to choose the most suitable locations for investment and development of first phase projects, it is worth noting that the first phases of our multiple projects have been selected in various locations around the Kingdom (Riyadh – Mecca – Medina and Eastern Province). AQALAT has adopted many concepts to develop these projects, by enabling Smart Cities concepts and creating its necessary framework, preserving sustainability and raising its consumers’ lifestyles, whether it being through pedestrian walkways, parks, open areas or many other elements that contributes in raising the residents’ standards of living.

Riyadh Project (Smart Square)

South of King Abdul-Aziz’s Communications Complex

Dammam Project (Smart Boulevard)

Al-Etisalat District

Riyadh Project (Smart Square)

South of King Abdul-Aziz’s Communications Complex

Riyadh Project is one of AQALAT’s first projects; it is located in the heart of Riyadh City in Al-Mursalat district, sitting on a 140,000 m2 land. What makes this project unique is its proximity to the city’s major roads (King Abdul-Aziz Road – King Abdullah Road – Imam Saud bin Abdul-Aziz bin Mohammed Road and Abu Baker Asidiq Road). With this project, AQALAT aspires to achieve its vision of future projects by enabling Smart Cities concepts, creating sustainability and raising the standards of everyday life for its residents, not to mention the availability of pedestrian walkways, parks, open areas and so many others. The project will also include many elements with various uses (residential – offices – commercial – mixed-use and mosques).

Dammam Project (Smart Boulevard)

Al-Etisalat District

Dammam Project is located in the southern part of the communications complex in Al-Rayan district, in the heart of Dammam City between Othman bin Affan road and Prince Naïf bin Abdul-Aziz road near two of the city’s major roads (King Fahad Road – Dhahran/ Jubail Express Road), on a land of 380.000 m2. One of the project’s main elements is the commercial sectors which sit on Othman bin Affan road and Prince Naïf road in which a boulevard connects them. The project will also include many elements with various uses (residential – commercial – mixed-use – mosques and educational).
AQALAT also aims with this project to achieve its vision by enabling Smart Cities applications through creating the necessary framework and infrastructure with latest technology trends. Not to mention sustainability and environmental components which are detrimental to this project whether it being pedestrian walkways, open spaces, plazas or any other element that brings a better life for its residents.